Chris Martenson – The Crash Course

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Author: Chris Martenson

Oil discoveries peaked in 1964
• New oil discoveries have been outpaced by oil consumption by nearly 4 to 1 each year
• New ore deposits are getting harder to find, more remote, deeper down, more dilute, and/or all of the above.

The Crash Course

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The next twenty years will be completely unlike the last twenty years.

The world is in economic crisis, and there are no easy fixes to our predicament. Unsustainable trends in the economy, energy, and the environment have finally caught up with us and are converging on a very narrow window of time—the “Twenty-Teens.” The Crash Course presents our predicament and illuminates the path ahead, so you can face the coming disruptions and thrive–without fearing the future or retreating into denial. In this book you will find solid facts and grounded reasoning presented in a calm, positive, non-partisan manner.

Our money system places impossible demands upon a finite world.  Exponentially rising levels of debt, based on assumptions of future economic growth to fund repayment, will shudder to a halt and then reverse. Unfortunately, our financial system does not operate in reverse. The consequences of massive deleveraging will be severe.

Oil is essential for economic growth. The reality of dwindling oil supplies is now internationally recognized, yet virtually no developed nations have a Plan B.  The economic risks to individuals, companies, and countries are varied and enormous. Best-case, living standards will drop steadily worldwide. Worst-case, systemic financial crises will toss the world into jarring chaos.